The RF to Light 100 rose 1% last week, YTD +10 at 2347. 50% of the stocks moved up. Skyworks up 34% after announcement that it will exit its baseband operations and undertake restructuring. Broadcom will release financials again with its third quarter 2006 results on October 19, 2006. Airbus to lag Boeing for years. Buoyant Boeing's stock up 6%.
In the News: The Dow rose to a new record high by falls in oil prices and hopes that the US Federal Reserve has finished raising interest rates. Alan Greenspan said data suggests "worst may well be over" in the U.S. Housing slump. European stocks climb to a five-year high. While the US growth suggests to continue to ease, raising stocks may suggest that end of growth decline is in sight. Expansion of global economy eased further in September, but should steady in 4Q06 as new order growth gained momentum. Global cost inflation fell to a fourteen-month low.
New Highs: AEIS, CMCSA, CSCO, HPQ, LMT, MOT, RTN
New Lows: BKHM, BRCM, MSCC, ZHNE
Market oversold indicator: down to 76%
Market overbought indicator: up to 51%
Top 5 - last week: Skyworks (34%), Calif. Amp. (10%), Sprint-Nextel (8%),Cree (7%), Boeing (6%)
- YTD : Broadwing (103%), Avici (99%), Hittite (94%), Finisar(77%), Rogers (64%)
Bottom 5 - last week: Avici (-10%), Conextant (-8%), Nortel (-7%), Zhone(-6%), Texas Instruments (-5%)
- YTD : Zhone (-52%), Vitesse (-46%), Bookham (-40%), Powerwave (-38%), HEI (-38%)
by Sectors:
Space & Defence : +2%, YTD +15%
Communc. Services : 0%, YTD +25%
Network Systems : +1%, YTD - 6%
RF Semiconductors : +1%, YTD + 4%
RF Components : +2%, YTD +13%
F/O Components : +1%, YTD +24%
Miscell. : +1%, YTD + 9%
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RF to Light 10 : +1%, YTD +10%